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We just found out they are being sued for $750k for a loan default, we have no idea if more will follow, we need the Q2 report to see if the declining revenue has stopped & if costs were significantly cut, distribution may have decreased instead of increased (not necessarily a negative), and you think they may uplist in the next 6 months?
Wish I had your optimism but I would say there is a better chance that Apple de-lists to the OTC by year-end before ECIG uplists...
Hey, I hope it is on 8/10 but unlike Pete Rose, I'm not betting on it!
Don't forget to add 5 days for when the "NT" is filed so back to Monday, August 17...
Also, since the "acceleration determination" is made using the companies 2nd quarter fiscal numbers, this will very likely be the last accelerated report for at least the next 4 reports after this one.
I knew the Golden State Warriors would beat LeBron & the Cavs. I am the man!
I'm not sure, but I think my June 2.50 calls that expire this Friday aren't going to make me any money, darn...
SOmeone is selling with his/her ask hidden.
Is that like "cover your ask"?
.50 cents before me...
As I recall, many thought he was "sleazy". I never had a problem with him and the company did quite well. Look what happened after he left. Makes me think maybe he saw the writing on the wall or something else he didn't like?
I took a quick look last night. Looks like it isn't even trading much if at all so that PPS comes from where? I have enough "high-risk, declining, under-performing" e-cig/vape related investments at the moment so I wouldn't touch it with a 10 foot pole!
Just "a bit" interesting he is back "in the vape game".
Good 'ole Kevin Frija was just named CEO of a Vape/ecig start-up = JOBI...
Maybe "Southpark" was right? Blame Canada!
lol
Insert says "approximately 1 year"...
Not sure I follow your point? Many here think the "current" reason for the daily decline in ECIG is due to NSS, not the "past" toxic debt and not the current fundamentals.
"Yes", VPCO has gone thru major management change.
Main point I was trying to make was what Yerboss said it would take for a turn-around: ...will be a combination of consistent positive news and financial results combined with a turn in market sentiment that will create large and consistent buying.
The impetus for the end of NSS will be a combination of consistent positive news and financial results combined with a turn in market sentiment that will create large and consistent buying.
The above statement is about the only thing that makes sense to me for the bleeding to stop, regardless of the excuse we use for the non-stop falling price. Use it "as is" if you believe NSS is the issue.
If you believe the cause is massive selling and/or lack of buying, change the first few words to: The impetus for the end of the massive selling will be...
By the way, I am also unfortunate enough to have been patient and holding VPCO. It's Nov 3rd 2014 closing price was 2.81 and today it closed at .42 For the most part the share structure has not changed. (i.e. no dilution) Should I assume NSS must be happening to them too? I have a couple other stocks that have dropped too. If the number of shares hasn't increased, they must "all" be the victims of NSS, right?
Actually, Ten Motives revs for 3rd qtr 2014 were expected to be $9 million. This is from the S1. Additionally, the cost would have been over $100 million when you factor in stock they would have received based on ECIG PPS at the time. (also from the S1)
Using your logic, wouldn't we be better off acquiring Philip Morris? So, given our current financial situation, how the F can we buy another company?
Respectfully, I think you would be better off saying you fell on your head earlier today and can't believe you thought saying buying Ten Motives would be a good idea!
Yikes. Per the annual, they already paid them the $350,000 break up fee. The cost was > $50 million. How would you suggest we buy them?
I know this is "kickin 'em when they're down", but I went to my local quickie-mart for lottery yesterday. Might be a Kangaroo?
The mini-display on customer side of register that sold FIN products; e-cigs, AVS, & refills, was "gone". It also had a couple other brands on it but I don't remember which?
I saw Vuse & Mark Ten behind the counter by the cigarettes/tobacco products. I live in a busy beach town where there are 100's of convenience stores so I have no idea if it was just this one? They hire a new clerk about once per week and this one was brand new so there was no point in asking her anything. I'll re-check next week.
Take it FWIW...
Sorry for the duplicates...
From what I have read, the WORST possible thing management could do is to acknowledge NSS! Anything short (pun intended) of stating NSS "was" happening and has been stopped could be disastrous.
People know how difficult it is to identify & stop the activity so acknowledging it's happening, even if saying you're on top of it, would send people running for the hills.
JMHO...
The new corporate web site is not new & the counter has always been there...
Website: Is this like one of those things where one person sees a space-ship and then everyone else sees it too?
Not like I check it everyday, but I see NO visual differences? Same pages, layout, colors, fonts, etc. I even recognize some of the people mugging while vaping. Same FAQ's (like they report no later than May 30 for the second quarter)The "contact" page has also NOT changed.
The ONE difference I did see is I requested to be on the "Investor Info email list" and I did not receive an error. Yeah. I'll post if I receive an acknowledgment.
Maybe they are working on it and some new stuff was out there for just a moment?
"Revenues aren't flat. Not the BEST, but definitely not flat."
Revenue has decreased the past 2 quarters in a row. "Flat" would have been welcomed...
"I've sent the company numerous emails and messages through there contact form, but never heard anything back."
That's because the contact form is BROKEN and probably should be the first thing to fix! After spending 10 minutes to fix that problem, the bigger stuff can be tackled...
Speaking of Mansour, and since it's a slow day, am I being "picky" about why the word "potentially" was included in this statement from the PR?:
I am also pleased to have strengthened our relationship with the Mansour Group, which helps solidify our financial position and potentially creates opportunities for expansion in the Middle East and Northern Africa.
I thought since we kissed and made up with Mansour, distribution in the Middle East and Northern Africa was or would be a "done deal"? IMO, you can easily make that statement without the word "potentially" and still wouldn't be crossing the line. Just sayin...
By the way, don't text/read and drive! You want to be alive when we ultimately cash in!
Are you saying you think it would be a good idea to sell/issue shares so they could buy shares? Thanks...
You don't think an 8K for a letter from NASDAQ that warns "DE-LISTING won't effect the stock price? I know they get 180 days and they already told us they will "fix" the situation with another RS.
Yep, nothing to worry about here...
Just finished a glass of wine so I'm feeling a bit better... The determination to be "accelerated" is based on the public float market cap value at the companies "2nd fiscal qtr.". Q2 2014 made them accelerated. You keep that designation until the "next Q2" which is next qtr. for ECIG. Unfortunately, they likely will not be accelerated come June 30, 2015. You "did" see something. There was an 8K where they checked "the wrong box" as to their status. The correct box of accelerated was checked with the next 8K.
Here is all you need for "proof". They would not have filed the NT "not timely" on May 11 if they where not an accelerated filer whose report was due on May 10, right?
Geeeze, LM777's post nailed it. It is due via the extension TODAY. If the report is posted after close of business today, like around 5:30EST, it gets tomorrows date. They "are" an accelerated filer and they can't "choose" to not be one! This is the exact same crap we went thru at Q4. Sites like Bloomberg make an "educated guess" that means nothing. To me it will tecnically be late but so was Q4 and ther was no trouble that I know of, unless that was the cause of some of the issues in the Canadian markets?
This is probably part of the "master plan" to get us all talking about "report due dates" and not how crappy things might be!
Hope I'm not yelling or ranting "at you", not my intent!
Don't get me started. That doesn't work going on 6 months now. It is a "broken link" left-over from the former IR company related to the IPO. If you want SEC alerts, you need to get them from some other service, like your broker.
Remember, today is "day 30 under a buck" so we should definitely "hear something" real soon...
I have some thoughts but probably as many questions too. I starting buying VPCO in the fall of 2013. I continued to buy and ending up selling 20% of my position in Dec 2014 for a huge loss. I still hold a significant position and continue to watch it melt away. I thought ECIG would bail me out and now I hold "a lot" at a little over $1 dollar. Needless to say the e-cig/vapor market has "not been good" for me.
VPCO claimed 60,000 retail locations at one point. I think that number is 45,000 now? They are in the US and "somewhat" Canada under a private label but no other international presence.
They also hold a handful of patents related to e-cigs/vapes.
Q4 2014 sales did a major nosedive. The excuse was the transition from cig-a-likes to vaporizers. Some things I don't understand:
VPCO had a good variety of vaporizers, pens, disposables, re-fillables, etc. They also have US made e-juice and devices for dry-herb, CBD oil. So how were they not prepared for the transition?
Has ECIG used that excuse yet? i.e. the transition from cig-a-likes. In the US, other than the FIN AVS system I know of no other vaporizer products?
VPCO did a merger recently where they gave away 45% of the company. The new model is building brick & mortar retail stores. They have 5 or 6 open now with plans to have 20 by the end of 2015. They plan to get away from the distributor model. Q1 2015 sales were terrible but they claim it is too soon for the effects of the merger. The company they merged with already had some stores, various vaporizer products, but maybe most important a billionaire backer. They are talking about another RS and they need more capital to survive out of one side of their mouth and how the stores will be great, increase margin, make them a leader, etc. out of the other.
If the reason for their demise is bad management/decisions then my investment with them is screwed. If it's because e-cigs/vapes are dying already, market over saturation or something along those lines then I am really screwed!
A big lesson so far for me is to take at least some profit if/when you can. I failed to do that with both. The other is "patience alone" may not be a good thing. Probably some other stuff I forgot but I'm getting depressed writing this so I better go...
I saw something about "pro forma", which means whatever they want it to be, that didn't impress me either. I'm gonna get hammered now before I look at this any more. Maybe that we make me feel better?
It's out...
"800 shares" means somebody had about $320 to invest so 800 x .385 plus $9.99 commission = $317.99
Earnings are due tomorrow so they must be released or they are late. Unfortunately it will likely be after the close. As far as the poster predicting a "surprise beat", beat what? There are no projections for revenue or anything else so what would they "beat"?
I've had a depressing thought for at least a week or two. Since we're talking about another R/S, now seems like a good time to pile on:
We know management has been doing a "dog & pony show" to potential investors from recent filings, right? We haven't heard about anyone wanting to invest. Could be that the company is going thru "all the offers" to pick the best one, but I doubt it. These investors would have access to up to "today" sales figures and such. The share price continues to plument. Some possibilities:
A) The new plan to build brick & mortar outlets isn't working.
B) Investors do not "believe" the plan is working or will work.
C) There simply has not been enough time to see if the plan is working.
So, since Frost would get the same access, what does it say if he "does NOT" invest?
To add to my misery today, my PC has crashed. On phone, glad you found it...
What? (1st paragraph)
SEC filing yesterday after bell. Walking my dog, I'll post in a bit if you can't find it.
Ps, looks like we'll be f'ed...